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HomeMy WebLinkAboutORD 05.13.1963 - Election for Bonds273 BY THE CITY {f¢., KCIL 5.F t.�FHE CITY OF l Et Y,GE i't 1.}W, T;lt`k1AS, ,t.'"w.R. LI x _ AN BL j..).,eT I.O_J F OO .:..AB pU TUf.tR.IZa..-s. 4l. {, OF :1> I`3 OF THE CITY OF GEORGETOWN !N TV', A11TO"FNTS FOR . «.x, E t*t'LID ., _. .. K:` *,.b �..k# 0 .# ) 00.000 TAX �..1.}'t �S 4��.1.�. THE PURPOSE jSr� i.'�. ,i.�-';w Si 1 >rl'a � ( G STREET .$.�.�t x I,:EN,xt.. ; ray CITY; ab-'..+.,. _,.mz ... +.�,� t,....a _i,t .,... _ >.. c .x �i._r � .�. x. e,}.,:..: 1> ce .,. .`a.' w 9 i Y O i T 9i BZ 27 S UONDS FOR t f M19,000 THEPURP11B OF � EXTENSIONS N�,t.'.:.° (t )7 119C,000 .'ttYQ fit, E OVDS FOR T M PUPPOSU OF C yT j n� I( J's YYA ^e"T` tt*.y -.O �- �Rx fl � X'' £. t'+ti -ER `s'Y r..+f R.�' .3..>3.� ,. ,i d:r:,� +..?>�. t,:. � t? > .. ,, a.. S: . .,t. .,...kEv i,� ... 1�,� .� ..._ .d .., a. ...a .✓' _..�. � .+�..1 .1.4}. a B l f the x,..t, City 3_ e of Georgetown, Texas, 'y a a, s •^x h, the City Council1, C ( CST 1 d , �...z,?»M7 � -1 C.a .i 1:.v !, v . , . � - .S. t� �^r �- �_ � ,S S .,1 bonds xa ` eJ-. !_ 4 C?". �. Ei 7 ,.. P 4, C"dX'.� i z f" e �,E.i .� and advisable issue e the ".'ds a ar' ,. a � the City f Pr Fl �a Y .� ,�. .I .. in the amounts and for the purposes hereinafter stated; '( a fj ?r COUNCIL > . IL OF. Tq,ii'+j CITY it '[ RM ^'!y.7 BEI T �1^�PFj,..�'D _" aG, CITYI A v' OF electionSection 1. That an ' y t the City of Georgetown, Texas, on the e t h �.... r;t �v .fit. tl i,.? z zE�".. 't, ^�.✓'y ..4 1 f�".s3, suchdate being of lhiss.., a�q fifteen (15) nor more than thirty (30) days from he date of the adoption.of this or„,.er, at which election the followinZ propositions shall be submitted to the resident qualified property taxpaying voters ofsaid Ritt` , who�. ._yxab property i5 the rk a v ,. City and who siGixa duly rendered the same for taxation, fortheir action tion thereupont __PRCPOS1TIVN_F0.. 1— Shall the City vo"°lc+l of the City of Geo .fatvwn} Texas, be C:maturing authorized 150,000.00 bonds of said City v ktserially to issue . q . over a period of years not to 7sned thirty (30) years from their date, bearing interest at a k"e.-r'`te not to exceed five e percent (5 per ..Ii:kt:..n, and to levy fa tax sk;:ik..?;._.ent to pay he interest an __i bo is and create a sinking fund sufficient to redeem them at maturity, for the purpose of construutin.L street tp.. r _rrr..> As i said �City, �1M authorizeda . bythe Con- stitution and l.`>./''iru` o the .aLate o Te}?%,'s. j' P 6 r PO S I I d No. 2 i Shall the City Council of the r.,:.t;. of horgetown, Texas, be �; r. t.a°`hor"mot,e to issue ,�.`;r,�!00.00 o revenue bonds C}.y4 said City, maturing ra serially over a period ofy, years not toexceed� thirty ( )0 years from their dz.:i:;e,bmaring interest it. F'. rate a!L1L to e.4`tr')C`,.. five per cent t (5, ;) i'i�i7;" 1 r of or the porpose the CeF y's waterworks system; said re e k,e bonds to be special obligations of they City, Of GeOrletOwn., es, Q both principol and intereh from and C_ ` low 1-ez.il secure! by a first lien on and pledge of the revenues,14 the combined waterworks, sewer and electrtc lQht system after dedi lion cf reason- abel operation and maintenance expenses. -PROPOSITION NO- 3. Shall the City Council of the City of TocrEebown, Texas, be authorized to issue 119b.000-00 of revenue bonds of saill. City, maturing serially over a period of years not to exceed thirty Q!) years from their date, bearing interest at a rate not to exceed Are per cent(5%) per annum, for the purpose of construating extensions xd improvements to the City sewer system ; said revenue bonds to be speoll sob li6ations of the City of Georgetown, payRbla as to both principal an interest from and secured by a first lien on and pledge of the revenu s of the combined waterworks, sewer and electric light syitem. arter de du tion,6f reaschable operation and maintenance expenses. Section 2. That the revenue bonds her einamove lantioned in i Propositions 2 and 3 are to be ratabley secured in suchlimanner that no i one bond shall have priority of lien over any other boni it being the intent hereof to provi3e for the creation of an indebtnilss against the City's combined waterworks, sewer and electric light sy;tem for the purposes stated in said Promositions 2 and 3, and such bonds sub; dtted under those two propositions as are approved by the qualified voter; voting at the election herein and hereby ordered, are to be issued in one or more installments, but as a single combined authorization; aW the holder or holders of such bonds shall never have the right to dem.11nd payment thereof out of any funds raised or to be raised by maxi' tion, Section 3- That said election shall be held the FIRE STATION, in the City of Georgetown, Texas, (all of said City beidE included in or, election precinct) and the follouing named persons are Weby appointed managers thereof, to -wit: Mrs. R. D. Biggs , PRESTWC JUDGE Mrs. Tom McAfferty , ASS _1-, T jb­DTGE Kiss Ruth Munson C IMRK J. D. Thit-comb CLERK. Absentee voting shall be conducted at the Office f the City Secretary of the City of Georgetown, Oity Hall, Georgetop, Texas, anq Notice thereof shall be posted in said Office at least t,enty k20 days prior to the date fixed for said election. 275 Section 4. That said election shall be held unf3er tll,­.,,e pro- visions of and in accordance with the laws governing the issuance of Municipal bonds by cities, as provided in the General Laws of the State of Texas, and only resident qualified property taxpaying voters of the City of Georgetown, Texas, who own taxable property in said City and who h9we duly rendered the same for taxation, shall be allowed to vote. Section 5. That the ballots for said election shall have vrittan or printed therean the followingt OKICIAL BALLOT FOR WE ISSUANCE OF J50,000 OF PONDS W THE LEVYING OF THE TAX TN PANIENT THEREOF, FOR TUB PURPOSE OF COYSTWTW,]-, STR7RT 1UPROTBUENTS, AS SURNITT7n IN PROPOSITION X0. 1. AGAINST THE !SSUKFOM OF 150,000 OF =ONPS AYn T-E LRVYINO 01�, THE TAX W PIKENT THEREOF, WE TIM PIMPOSr OF CONSTUCTIW(_,s� ST115,77,3T !'%- ,)`v77JF1TTS, AS SU91107", IN I FOR THE ISSUANCE OF S119,000 =7NUE BOW AND FLEW& THE FMV7NUFS OF TER CITY'S CW1'TTFTPT' jrWER AID 7LEOTPIC LIGHT SYSTEM TER PAYMEUT THEREOF, FOR TYM 01POSP OF CON- STRICTING EXTENSIONS AND !MPROITTNTO E CTYISATWOIS TWINRKS SYST773 AS SUBYITT7D 1N PROPOSITION NO. 2. AGAINST THE !SSUANCE OF $119,000 RRIMMUB 90HDS AND WDGING THE RF70773 OF ThE CITY'S COMBINED WATEREORKS, WnP AXD 7LEC RIC LIGHT SYSTEM TO WE PAYTENT TIFEREOF, FOP THE PURPOSE OF CONSTRUCTING SWENS10hS AND TO 1,i711 CI'TYIS Lj RATERAORKS SYSTE18 AS SWITTEP IN PROPOSITION NO. 2. FOR THE ISSUANCE OF t19U,000 REVENUE BONDS AND PLEDGING THE REVENUES OF THE CITY'S COMBINED ST!""'o-111 Al"ji) 7_1FIC"I'lPic LIGHT SYSTEM TO TEE PANIENT TEMRW, YOR WE PURPOSE OF CON- 32RUCTING EXTENSIONS AND 19FIMIMMENTS TO ThE CITY';SWER SYSTEM, AS SUKITTED IN PROPOSITION NO. 3. AGAINST THE ISSUANCE OF 1190,000 REVENUE OONDS AND PLEDGING THE REVENUES OF TIE CITY'S jT7i`iBR, ATN D ELECTRIC LIGHT SYSTEM TO WE T1,17-31 TEOF, FOR THE PUH&O37 OF CONSTRUCTING EXTENSIONS AND IMPROVEMENTS TO TWE CITY'S SEWER SYSTEM, AS SUBMITTZI) IN PORPOSITIOW NO- As to each of the foregoing propositions , each voter shall scratch or mark out one of the above expressions, thus leaving the other as in- dicating his vote on three propositions, respectively, -Section 6.. That notice of said election shall be given Q posting and publication of a copy of this order, at the top of which shall appear the words "NOTICE OF CITY BOND EIZCTION" ; and said notice shall N be posted at the CITY HALL and at two other public places within the City not less thahlburteeh (14) full days prior to the date an which 276 said election is to be held , and be publishe [me day in each 4, ^Y nnn"�I 01'a"ILVAnn iJ MIAMI V U C, 1; 0 14 v Q UQ 0 Y in the City of Georgetown, Texas, the first of said pullications to be made not less than fourteen (14) full days prior to the date set for said election. 11 ATTEST t FCC7TTT-Y7SE,C PASSM, ADOPTED I D APPRO77,113D, this 13th 0 C Y Of MaY,1963- 277 THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF GEORGETOWN ELECTION ORDT7.1E I On this the 13th —d.---J of on 1963, the City Council of the City of Georgetown, Texas, was convened in regular session at the regular meeting place in the City Hall with the followving mem1)ers present, to -wit; I j, hayor, 1] 0-11111 —ile i el', S --r" i 1 i 2-LI-1— Edward L. Evans Alderman. A. W. HoYtI. jr. Alderman. Doyle Alderman tt r lF p . i � , s Alderman. Kennie Oilcox, jr. x Alderman . Claud Eads City Secretary. and the following absent: None constituting a quorem, at which time the following proceedinZs were had; Alderman Evans introduced an order and moved its adoption, The Motion was seconded by Alderman Lyd'a The motion carrying with it the adoption of the order, prevailed by the followin6 vote: AYES: Alderman Eva Royt Lyda miles tile NoBst None. The ORDER is as follows: Motion by Evans and seconded by Lyda that Election Order be adopted. Yotinn carried by unanimous vote. There being no further business on motion by Evans and seconded by Hoyt that Council adjourn . MAV''by, City of Georgetown, Texas, TITPT _13RC177T."Irat' .